Economics (ECON) 247
Microeconomics (Revision 8)
Revision 8 is closed for registrations, replaced by current version
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Delivery Mode: Individualized study online or grouped study**
Credits: 3
Area of Study: Social Science
Prerequisite: None
Faculty: Faculty of Business
ECON 247 has a Challenge for Credit option.
Télé-université du Québec equivalency: ECO 1300.
Overview
ECON 247 is designed to introduce microeconomics—the area of economics concerned with the behaviour of specific economic units (households and firms). Microeconomics as a field of study focuses on the operation of the economy at the level of the units in which basic choices are made in the face of scarcity; it is, therefore, primarily concerned with markets and prices.
Outline
Unit 1: The Nature and Method of Economics
Unit 2: The Market Forces of Demand and Supply—The Basics
Unit 3: The Elasticity of Demand and Supply
Unit 4: Markets and Economic Welfare
Unit 5: The Economics of the Public Sector
Unit 6: The Costs of Production
Unit 7: Firms in Competitive Markets
Unit 8: Monopoly
Unit 9: Price and Output Determination— Oligopoly and Monopolistic Competition
Unit 10: The Markets for the Factors of Production
Evaluation
To receive credit for ECON 247, you must achieve a composite course grade of at least a “D” (50 percent) and a grade of at least 50 percent on the final examination. The weighting of the course assignments is as follows:
| 10 Quizzes (3% each) | Assignment 1 | Midterm Exam | Assignment 2 | Final Exam | Total |
|---|---|---|---|---|---|
| 30% | 10% | 20% | 10% | 30% | 100% |
To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.
Course Materials
Textbook
Mankiw, N. G., Kneebone, R. D., McKenzie, K. J., and Rowe, N. (2008). Principles of Microeconomics. (4th Cdn. ed.). Toronto: Thomson Nelson. ISBN 0176448675
Other Materials
The course materials also include a workbook. All other course materials will be accessed online.
Challenge for Credit Course Overview
The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university level course.
Full information for the Challenge for Credit can be found in the Undergraduate Calendar.
- Undergraduate Challenge for Credit Policy
- Undergraduate Challenge for Credit Procedures
Challenge Evaluation
To receive credit for the ECON 247 challenge registration, you must achieve a grade of at least “D” (50 percent) on the examination.
Paper Exam (4 hours)
Undergraduate Challenge for Credit Course Registration Form
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.
Opened in Revision 8, March 10, 2010.
View previous syllabus